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Citizens Property Insurance Corporation has released the form by which insurers may seek limited apportionment company status for 2011. In cooperation with the Office of Insurance Regulation, Citizens has informed insurers they must submit their requests to the OIR on or before March 31, 2011. To qualify as a limited apportionment company, an insurer must […]
Citizens Property Insurance Corporation, Florida Legislature, Insurance Regulation News, Rick Scott
Citizens Property Insurance Corporation, Jeff Atwater, Rick Scott, Florida Cabinet
The Senate Committee on Banking and Insurance has issued Interim Report 2011-104, Issues Relating to Sinkhole Insurance, discussing concerns with sinkhole coverage in Florida’s property insurance market. The report summarizes the increased frequency and severity of property insurance claims for sinkhole losses over the years. The report cites the high costs of investigating claims and […]
The regulatory reform transition team assembled by Governor-elect Rick Scott has released a document summarizing some of the key elements that will guide the Governor’s administration in the coming months and years. The summary asserts that Florida’s regulatory system in general has lost touch with its strategic purpose and has a culture of imposing barriers rather […]
Citizens Property Insurance Corporation, public adjusters, Insurance Regulation News
Citizens Property Insurance Corporation, Office of Insurance Regulation, Insurance Regulation News
Citizens Property Insurance Corporation, Office of Insurance Regulation, hurricane season, Insurance Regulation News
Florida Hurricane Catastrophe Fund, Kevin McCarty, Citizens Property Insurance Corporation
At the end of the recent NAIC conference in Orlando, the Office of Insurance Regulation held a symposium on the state of Florida’s property insurance market. The session recapped many of the known concerns about the current market, including the role of sinkholes, re-opened hurricane claims, and public adjusters in driving up insurers losses and […]
